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Govt expands housing program to higher earners
The housing ministry has introduced a new regulation to be issued on April 21 that expands the maximum income threshold for individuals and couples eligible for the government's subsidized homeownership program, so residents in major cities also have access to affordable homes.
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Rows of newly built houses stand in a residential complex on August 4, 2021, in a relatively undeveloped area on the outskirts of Jakarta. (AFP/Bay Ismoyo)
T
he government has expanded its subsidized housing criteria to accommodate individuals in a higher income bracket, in a bid to ensure more people have access to owning affordable homes.
The Public Housing and Settlements Ministry has introduced a new regulation that grants eligibility for subsidized housing in Greater Jakarta to unmarried individuals who earn an income of up to Rp 12 million (US$708) each month.
The new rule, slated to be issued on April 21, also provides a similar arrangement to married individuals with a monthly income of up to Rp 13 million.
The original criteria set an income cap of no more than Rp 8 million per month.
“This applies to all groups, but specifically in Greater Jakarta, in line with a suggestion from BPS [Statistics Indonesia],” housing minister Maruarar “Ara” Sirait said on Tuesday, as quoted by Kompas.com.
He emphasized that easing the income cap was aimed at expanding housing access to more people.
BPS head Amalia Adininggar Widyasanti explained that the new threshold for maximum income was formulated to better represent the real condition of income groups per region.
